The company,a relative newcomer to the LPG industry,aims to increase the terminal storage capacity to 15,000t from its current level of 2,000t.New Ocean entered the market by acquiring the terminal from Japanese firm Iwatani in March 2004.The upgrade is likely be ready next June,slightly earlier than the initially forecast completion date of the fourth quarter of 2006,according to a senior New Ocean official.Details on the cost of the expansion remain confidential,but the source says the firm will fund the work itself.
展开▼
